A Company Makes 3 Types of Cable

question 302

Multiple Choice

A company makes 3 types of cable. Cable A requires 3 black, 3 white, and 2 red wires. B requires 1 black, 2 white, and 1 red. C requires 2 black, 1 white, and 2 red. The company used 95 black, 100 white and 80 red wires.
How many of each type of cable were made?

• A) 15 A; 16 B; 15 C
• B) 15 A; 20 B; 15 C
• C) 48 A; 20 B; 12 C
• D) 20 A; 15 B; 15 C

Recognize the limitations and flexibility in dividend payment policies.

Acknowledge the role of indentures and covenants in limiting dividend payments.

Understand the reasons why companies might choose stock repurchases over dividends and the tax implications.

Appreciate the strategic motives behind specific dividend policies and stock actions such as splits and repurchases.